Here is a list of the top 25 oil and gas companies with production in the Western Canadian Sedimentary Basin that have decreased their inactive well license counts from June to July 2023. This data is from the latest public data that is available.
The inactive well licenses per company include where they have partial ownership in a well up to 100% ownership. So if a company has a well with 100% ownership this is counted as one well licenese. If the same company has 50% ownership, it is still counted as one well, so in this scenario, this couple would own 1.5 well licenese, but it’s counted as 2.
| Company | Gross Inactive License Count July 2023 | Gross Inactive License Count June 2023 | Inactive License Difference July vs. June 2023 |
| WEST LAKE ENERGY CORP | 1614 | 1758 | -144 |
| ISH ENERGY LTD | 1385 | 1456 | -71 |
| TORXEN ENERGY LTD | 2069 | 2112 | -43 |
| TEINE ENERGY LTD | 3703 | 3739 | -36 |
| GEAR ENERGY LTD | 769 | 792 | -23 |
| PINE CLIFF ENERGY LTD | 1212 | 1234 | -22 |
| IPC CANADA LTD | 1324 | 1337 | -13 |
| TRIDENT RESOURCES CORP | 496 | 508 | -12 |
| MEG ENERGY CORP | 538 | 548 | -10 |
| NOVUS ENERGY INC | 223 | 233 | -10 |
| CRESCENT POINT ENERGY CORP | 5309 | 5318 | -9 |
| TALLAHASSEE EXPLORATION INC | 644 | 653 | -9 |
| HARVARD RESOURCES INC | 527 | 536 | -9 |
| BARREL OIL CORP | 404 | 413 | -9 |
| KARVE ENERGY INC | 749 | 757 | -8 |
| FRANCO NEVADA CORPORATION | 420 | 427 | -7 |
| 4G RESOURCES CORP | 416 | 423 | -7 |
| BLACK GOLD RESOURCES CORP | 416 | 423 | -7 |
| TANGEN POINT RESOURCES INC | 416 | 423 | -7 |
| 1661873 ALBERTA LTD | 373 | 380 | -7 |
| CAPRICE RESOURCES LTD | 367 | 374 | -7 |
| FINCH ENERGY ONE CORPORATION | 355 | 362 | -7 |
| ABATIS EXPLORATION LTD | 355 | 362 | -7 |
| PEPPER ENTERPRISES LTD | 355 | 362 | -7 |
| WGH CAPITAL CORP | 355 | 362 | -7 |
These are the top 5 companies that have decreased their inactive well licenses by the largest percentage month over month:
| Company | Percent Reduction |
| WEST LAKE ENERGY CORP | -8.19% |
| ISH ENERGY LTD | -4.88% |
| NOVUS ENERGY INC | -4.29% |
| GEAR ENERGY LTD | -2.90% |
| TRIDENT RESOURCES CORP | -2.36% |
If you would like to get the full list of the 968 companies that have production, please fill out the form below and you will get instant access. In addition you will receive an updated monthly active and inactive well list in addition to other information that you may find relevant.
If you need any wellheads, risers or piles call contact Innovative Well Abandonment at 1-844-428-8227 ext. 2.